Textile

US: Victoria's Secret facing lawsuit after alleged injury
Fri, 21 Nov 2008 16:30:00 GMT


US law firm Parker Waichman Alonso has filed suit on behalf of a woman who allegedly suffered an adverse reaction after wearing undergarments/intimate apparel from Victoria's Secret.
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US: Steve & Barry's to be liquidated - report
Fri, 21 Nov 2008 16:42:00 GMT


The new owners of US retailer Steve & Barry's are to liquidate its 173 remaining stores, it has been reported.
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US: Foot Locker lowers outlook as swings to Q3 profit
Fri, 21 Nov 2008 16:53:00 GMT


New York-based specialty athletic retailer Foot Locker Inc today (21 November) lowered its full-year outlook after better international sales failed to offset a slowdown in the US.
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Top stories on just-style this week...
Fri, 21 Nov 2008 16:58:00 GMT


Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.
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US: Zumiez sees net income slide to $10.9m
Fri, 21 Nov 2008 16:00:00 GMT


Sports apparel retailer Zumiez posted third quarter net income of $6.8m versus $8.1m for the third quarter of the prior fiscal year, following a product margin slump in September and October.
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Clothing and textile makers grapple with EU chemicals law
Fri, 21 Nov 2008 15:50:00 GMT


EU regulations that came into force last June require clothing manufacturers and importers to identify and quantify the chemicals used in their products. But companies only have until 1 December to complete the pre-registration process - and there are concerns that omissions will lead to delayed shipments and reduced productivity. Keith Nuthall reports.
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US: Wal-Mart names Duke as new CEO
Fri, 21 Nov 2008 16:06:00 GMT


US retail giant Wal-Mart has announced that Mike Duke, currently head of its international businesses, will replace Lee Scott as president and CEO.
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LITHUANIA: Apranga forms Latvian subsidiary
Fri, 21 Nov 2008 15:10:00 GMT


Baltic States retailer APB Apranga has established a subsidiary, called SIA Apranga SLV, which will operate Stradivarius stores in Latvia under agreement with Inditex.
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US: Bon-Ton Stores narrows Q3 loss, sees FY decline
Fri, 21 Nov 2008 13:40:00 GMT


A tax adjustment helped The Bon-Ton Stores Inc narrow its third quarter loss, but declining sales have prompted the department store retailer to lower its full-year outlook.
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US: Cato Q3 profit slumps, confirms guidance
Fri, 21 Nov 2008 13:41:00 GMT


Value-priced women's fashion retailer The Cato Corporation has seen its third quarter profit slump 72% on higher markdowns and lower sales, and reiterated its outlook for the fourth quarter.
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US: Stein Mart widens Q3 loss to $14.1m
Fri, 21 Nov 2008 14:01:00 GMT


Higher markdowns and lower sales meant discount retailer Stein Mart Inc widened its third quarter loss in what it described as "the most challenging [quarter] in the company's history."
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ISRAEL: Tefron reports widened Q3 loss
Fri, 21 Nov 2008 12:56:00 GMT


Intimate apparel and swimwear maker Tefron has posted third quarter net loss of US$5.6m, as compared with a net loss of $1.7m in Q3 last year, despite a 26.1% sales rise in this year's period.
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US: Gap improves Q3 earnings despite sales lapse
Fri, 21 Nov 2008 12:25:00 GMT


Gap Inc said its net earnings for the third quarter increased to $246m, compared with $238m for the third quarter last year, despite declines in total and same-store sales.
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FRANCE: Marchpole sells Jean Charles de Castelbajac brand
Fri, 21 Nov 2008 11:55:00 GMT


Swedish firm Atlas Design Group (ADG) has acquired French men's and women's wear brand Jean Charles de Castelbajac (JDCC) from the administrators of its former owner, UK-based brand management company Marchpole Holdings, which went in into receivership earlier this month.
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US: Shoe Carnival Q3 profit slips 38%
Fri, 21 Nov 2008 12:05:00 GMT


Value footwear retailer Shoe Carnival Inc has posted a 38% slump in third quarter profit after being hit by a sales slowdown in September and October.
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US: Stage Stores swings to Q3 loss, cuts guidance
Fri, 21 Nov 2008 12:07:00 GMT


Stage Stores Inc has swung to a third quarter loss, lowered its outlook for the year, and says it will cut capital spending in 2009.
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US: Wet Seal swings to $6.8m Q3 profit
Fri, 21 Nov 2008 12:08:00 GMT


Third quarter earnings at The Wet Seal Inc came in at the high end of its forecasts, but the retailer says it expects to see lower sales and earnings in the fourth quarter.
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US: New York & Company swings to Q3 loss
Fri, 21 Nov 2008 12:10:00 GMT


Women's apparel retailer New York & Company Inc has swung to a third quarter loss amid the "dramatic deterioration of the economy," and lowered its forecasts for the rest of the year.
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US: Buckle Q3 profit soars 31% on higher sales
Fri, 21 Nov 2008 12:11:00 GMT


Third quarter profit at youth fashion and footwear retailer The Buckle Inc has jumped by 31%, helped by soaring sales.
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Children's Place nearly doubles Q3 profit
Fri, 21 Nov 2008 12:12:00 GMT


The Children's Place Retail Stores Inc has nearly doubled its third quarter profit, helped by rising sales and a one-time gain from its exit of the Disney Store North America business.
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CAMBODIA: Industry to close 35 textile factories
Fri, 21 Nov 2008 10:21:00 GMT


An official source from Cambodian Union Federation (CUF) warns that Cambodia's textile and garment industry will be forced to close 35 factories in late November and December this year because of the global financial crisis.
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US: Perry Ellis income slumps 70% during Q3
Thu, 20 Nov 2008 17:41:00 GMT


Perry Ellis International said its third quarter net income was $5.0m compared to net income of $8.5m for the comparable period last year, after sales were hit by the US retail slowdown.
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UK: Mark One collapses for second time this year
Thu, 20 Nov 2008 17:31:00 GMT


UK discount fashion chain MK One has gone into administration for the second time this year after being buffeted by a combination of tough trading conditions and intense competition from cut-price rivals.
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US: Warnaco to cut 7% of corporate workforce
Thu, 20 Nov 2008 17:11:00 GMT


US swimwear company Warnaco Group is to cut 7% of its corporate staff - representing 45 jobs - in a bid to adapt to the difficult economic climate.
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UK: Sales volumes fall 0.1% in September and October
Thu, 20 Nov 2008 16:19:00 GMT


Total sales volume on the UK high street during September and October decreased by 0.1%, according to the Office for National Statistics (ONS).
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US: Charlotte Russe board rejects buyout approach
Thu, 20 Nov 2008 15:46:00 GMT


Women's fashion retailer Charlotte Russe Holding has rejected a buyout bid for the company and expressed confidence in its new leadership team.
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US: Casual Male narrows Q3 loss, withdraws guidance
Thu, 20 Nov 2008 16:21:00 GMT


Casual Male Retail Group Inc has narrowed its third quarter loss, but says it is not revising earnings guidance for the rest of the year "due to the current economic conditions."
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US: Gymboree reports 15% third quarter earnings boost
Thu, 20 Nov 2008 15:03:00 GMT


Children's wear retailer The Gymboree Corporation posted third quarter earnings of US$30.9m, up 15% from $26.9m in the same period last year.
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US: Apparel firms lead climate change crusade
Thu, 20 Nov 2008 14:45:00 GMT


Nike, Levi Strauss and Timberland have formed part of a coalition demanding strong climate and energy legislation in the US next year under the tenure of president-elect Barack Obama.
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US: Men's Wearhouse Q3 profit tumbles 61%
Thu, 20 Nov 2008 13:34:00 GMT


Tuxedo rental sales held steady at The Men's Wearhouse during the third quarter, but a reduction in store traffic and a 61% drop in profit prompted the retailer to lower its guidance for the year.
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GERMANY: BASF cuts production as textile slowdown bites
Thu, 20 Nov 2008 14:15:00 GMT


A massive decline in demand for its chemicals from industries including textiles has forced BASF to temporarily close 80 plants worldwide and reduce production at a further 100 facilities.
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EU: Belarus clothing trade deal liberalised after review
Thu, 20 Nov 2008 12:41:00 GMT


A review of the textiles and clothing agreement between the European Union (EU) and Belarus has removed 12 restrictive quotas limiting the amount of textile and clothing goods traded between them.
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US: Forever 21 slates Japanese launch for next year
Thu, 20 Nov 2008 12:29:00 GMT


US fast fashion chain Forever 21, which launched in Korea this year, plans to open its first store in Japan in 2009.
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US: Limited Brands Q3 profit falls 65%, lowers outlook
Thu, 20 Nov 2008 12:30:00 GMT


Limited Brands Inc, operator of the Victoria's Secret, Pink, La Senza and Henri Bendel stores, has posted a 65.3% drop in third quarter profit and lowered its outlook for the rest of the year.
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GERMANY: Adidas Group completes Ashworth acquisition
Thu, 20 Nov 2008 12:19:00 GMT


The Adidas Group has announced that its TaylorMade-adidas Golf unit has completed the acquisition of golf firm Ashworth.
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US: Hot Topic Q3 profit climbs 10.4%
Thu, 20 Nov 2008 12:13:00 GMT


Fashion and music retailer Hot Topic Inc has reported a 10.4% rise in third quarter profit helped by higher sales at its namesake stores, and reiterated its outlook for the fourth quarter.
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Taiwan textile makers to gain from closer China ties
Wed, 19 Nov 2008 11:11:00 GMT


Thawing relations between Taiwan and China are set to generate closer trade ties between the two former political rivals - a move that should have a positive effect on Taiwan's textile and apparel industry. Vicky Sung reports.
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CHINA: Government confirms rebate plans for textile firms
Wed, 19 Nov 2008 17:32:00 GMT


Textile and clothing makers will be among the main beneficiaries of new tax breaks, lower fees and charges unveiled by the government on Wednesday (19 November) in a bid to help protect firms from the effects of the global financial slowdown.
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US: Tween Brands withdraws H2 outlook on Q3 loss
Wed, 19 Nov 2008 17:33:00 GMT


Tween Brands Inc has swung to a third quarter loss after being hit by restructuring charges, lower sales, and has withdrawn its outlook for the second half of 2008.
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DENMARK: IC Companys lowers outlook as Q1 profit drops
Wed, 19 Nov 2008 18:16:00 GMT


Danish fashion group IC Companys A/S, which owns brands such as Peak Performance, Matinique, Part Two, By Malene Birger and InWear, has posted a 13.2% drop in first quarter profit and lowered its outlook for the year.
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US: Ross Stores Q3 profit jumps 18%, cuts outlook
Wed, 19 Nov 2008 18:19:00 GMT


Off-price retailer Ross Stores Inc has posted a 17.7% jump in third quarter profit, helped by higher margins, lower inventory and expenses, but cut its outlook for the fourth quarter in expectation of "a very promotional" holiday season.
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UK: M&S to cut clothing prices by 20% in one-day sale
Wed, 19 Nov 2008 15:48:00 GMT


Marks & Spencer is to slash the prices on all its clothing items by 20% tomorrow (20 November) as it holds a one-day, one-off sale, a spokesperson for the retailer confirmed to just-style today.
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UK: Jaeger opens first store in Bahrain
Wed, 19 Nov 2008 14:32:00 GMT


British luxury brand Jaeger has opened its first stand-alone store in Bahrain, in the central Seef Mall, in partnership with Specialty Fashion Group.
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US: Phillips-Van Heusen cuts outlook as Q3 profit slips
Wed, 19 Nov 2008 14:34:00 GMT


An increase in earnings and revenues from its Calvin Klein business helped Phillips-Van Heusen Corporation to a better-than-expected third quarter, but the apparel maker has lowered its fourth quarter and full year guidance amid a rapidly deteriorating economic environment.
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UK: Dawson in talks to sell Todd & Duncan
Wed, 19 Nov 2008 15:16:00 GMT


Scottish based textile firm Dawson International Plc revealed today (19 November) that is in talks to sell its Todd & Duncan cashmere yarn spinning business to a Chinese fibre firm.
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ISRAEL: Delta Galil launches ReaLasting Cotton
Wed, 19 Nov 2008 12:42:00 GMT


Intimate apparel and underwear maker Delta Galil has launched a new fabric technology which it says helps cotton fabrics last longer.
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US: Pacific Sunwear posts $3.5m Q3 loss
Wed, 19 Nov 2008 13:06:00 GMT


Casual apparel and footwear retailer Pacific Sunwear of California Inc has swung to a third quarter loss amid a brake consumer spending, and says it expects to report a loss for the fourth quarter as well.
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US: Taryn Rose names ex-Lululemon boss as CEO
Wed, 19 Nov 2008 11:29:00 GMT


Footwear firm Taryn Rose International has named former Lululemon Athletica and Reebok executive Robert Meers as its new CEO.
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US: Bebe merchandise chief leaves after four months
Wed, 19 Nov 2008 11:14:00 GMT


Women's apparel retailer Bebe Stores Inc has announced the departure of its chief merchandise officer Dyan Jozwick after just four months.
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US: Sport-Haley widens Q1 loss on lower sales
Wed, 19 Nov 2008 11:15:00 GMT


Golf apparel and outerwear maker Sport-Haley Inc has widened its first quarter loss on lower sales of its Sport Haley and Ben Hogan brands.
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US: Hanesbrands to cut 400 jobs, close yarn plant
Wed, 19 Nov 2008 11:19:00 GMT


T-shirt, underwear and sock maker Hanesbrands Inc is to cut nearly 400 jobs and close its yarn production plant in China Grove, North Carolina as part of its latest round of cost-cutting measures.
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FRANCE: Carrefour names Nestle exec as new CEO
Tue, 18 Nov 2008 18:21:00 GMT


French retail giant Carrefour today (18 November) named Nestlé veteran Lars Olofsson as its new chief executive.
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US: Mothers Work loss widens for fiscal 2008
Tue, 18 Nov 2008 16:46:00 GMT


Maternity apparel retailer Mothers Work has a posted full-year net loss of $1.4m for 2008, compared to net loss for fiscal 2007 of $0.4m, included restructuring and other charges of $2.2m.
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US: Saks swings to $42.8m loss in Q3
Tue, 18 Nov 2008 16:25:00 GMT


Retailer Saks Incorporated swung to a net loss of $42.8m for the third quarter ended 1 November, including after-tax items totalling $24.5m, compared to net income of $21.6m in Q3 last year.
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UK: George Davies leaving Per Una post at M&S
Tue, 18 Nov 2008 17:05:00 GMT


UK retail chain Marks & Spencer has announced that George Davies is to retire as part-time chairman of clothing brand Per Una, prompting a number of other personel changes within its clothing division.
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CHINA: Textile firms to report on social compliance
Tue, 18 Nov 2008 14:43:00 GMT


Chinese textile companies are to start reporting on social responsibility under an initiative to implement high standards across the industry.
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BANGLADESH: Garment factory clashes leave 50 injured - report
Tue, 18 Nov 2008 13:23:00 GMT


Violence at a garment factory in Bangladesh has left 50 people injured, it has been reported.
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CHINA: Government to offer textile makers more tax breaks?
Tue, 18 Nov 2008 12:54:00 GMT


The Chinese government will reportedly grant further tax breaks to the country's texile exporters, who continue to be hit by increased competition, slowing demand and higher wage demands.
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UK: Burberry H1 profit up 3%, warns of difficult H2
Tue, 18 Nov 2008 13:12:00 GMT


Profit at Burberry Group Plc has crept up by 3% in the first six months of its current financial year, helped by revenue growth in both its retail and wholesale channels - but the British luxury goods brand warned that trading has become more difficult since start of its second half.
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UK: Burberry sets up Middle East joint venture
Tue, 18 Nov 2008 12:13:00 GMT


British luxury goods firm Burberry Group Plc is eyeing growth in the Middle East through a new joint venture company set up to manage its retail and wholesale distribution in Dubai and Abu Dhabi, as well as Qatar, Oman and Kuwait.
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US: China's share of apparel imports reaches all-time high
Mon, 17 Nov 2008 18:09:00 GMT


China's share of US apparel imports reached their highest ever level in September 2008, a new analysis says, contradicting earlier fears that China was becoming uncompetitive.
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SWITZERLAND: NanoSphere uptake soars on new licenses
Tue, 18 Nov 2008 11:12:00 GMT


The number of plants licensed to use the NanoSphere nanotechnology-based textile finish for clothing and home textiles has nearly quadrupled over the past year.
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SLOVAKIA: Gabor to shutter shoe plant
Mon, 17 Nov 2008 18:21:00 GMT


Footwear maker Gabor is to shut its shoe upper plant in Liptovsky Mikulas, with the potential loss of more than 400 jobs, according to local media reports.
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US: Charming Shoppes sells catalogue credit receivables
Mon, 17 Nov 2008 17:16:00 GMT


Women's plus-size apparel retailer Charming Shoppes Inc has sold its misses catalogue credit receivables for $43.3m in cash to World Financial Network National Bank, a unit of Alliance Data Systems Corporation.
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CHINA: OmniaLuo doubles net income in third quarter
Mon, 17 Nov 2008 17:17:00 GMT


Women's apparel company OmniaLuo has posted net income of approximately US$1.2m for the quarter ended 30 September, compared to net income of approximately $0.6m in the prior year period - a 100% increase.
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SWEDEN: H&M reports 9% October sales gain
Mon, 17 Nov 2008 16:32:00 GMT


Swedish retailer H&M Group reported that sales for the month of October increased by 9% compared to the same month last year.
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US: The Walking Company widens Q3 loss
Mon, 17 Nov 2008 16:35:00 GMT


Footwear and branded lifestyle retailer The Walking Company Holdings Inc has widened its third quarter loss after being hit by costs associated with the closure of 67 of its Big Dogs stores.
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US: LaCrosse Footwear wins $2.0m army boot order
Mon, 17 Nov 2008 16:36:00 GMT


LaCrosse Footwear Inc's Danner subsidiary has won a $2.0m order from the US Army for its Combat Hiker boots, most of which will be delivered during the first quarter of 2009.
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US: Target cuts spending as Q3 profit tumbles 24%
Mon, 17 Nov 2008 17:18:00 GMT


US discount retailer Target Corporation is slashing $1bn off its capital spending budget next year and has suspended most of its share repurchase activity after third quarter profit fell 23.6%.
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ITALY: Aeffe enjoys nine month sales and profit rises
Mon, 17 Nov 2008 16:03:00 GMT


Italian fashion company Aeffe said that its revenues and net income rose by 4.6% in the first nine months of 2008.
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JAPAN: Asics profit slides 9% during first half
Mon, 17 Nov 2008 12:53:00 GMT


First half profit at Asics Corporation has fallen by 9%, even though the Japanese sporting goods firm saw sales rise by 14% during the same period.
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ITALY: Geox boosts nine-month profit by 3%
Mon, 17 Nov 2008 13:12:00 GMT


Italian footwear company Geox has posted a 3% rise in profit for the first nine months of its financial year, despite citing difficult trading conditions.
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ITALY: Mariella Burani posts 117% hike in nine-month profit
Mon, 17 Nov 2008 14:20:00 GMT


Luxury goods company Mariella Burani Fashion Group has posted a 117.2% jump in earnings for the first nine months of its financial year, boosted by strong growth in emerging markets.
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US: JC Penney lowers outlook as Q3 profit drops 52%
Mon, 17 Nov 2008 14:50:00 GMT


Department store retailer JC Penney Company Inc on Friday (14 November) posted a 52% drop in third quarter profit on lower sales and higher markdowns of its products, and lowered its fourth-quarter outlook.
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UK: Asos profit climbs 68% for first half
Mon, 17 Nov 2008 14:38:00 GMT


Online fashion retailer Asos said its profit before tax increased 68% to GBP4.1m (US$6.16m) for the six months to 30 September 2008, after doubling sales.
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